Paul Rotter and the Order book

Discussion in 'Index Futures' started by trader56, Nov 10, 2006.

  1. In an article, Paul Rotter (aka the Flipper) mentions that if one wants to become a good trader, they need to "spend a lot of time watching the order book."

    Forgive my ignorance, but what is this order book?
    How can one watch this?

    Thanks for any help!
  2. the ladder. where u can see inside/outside quotes+last and the respective size
  3. I'll take a guess. Time and sales.
  4. + DOM
  5. Vince1


    A good scalper, actually.
  6. me1969


    I am ignorant, too. Can anybody tell me for what the abbreviation "DOM" stands?

  7. It's depth of market, your trading ladder, as in Ninja Trader, X Trader, etc.
  8. Sample order book for DAX future using IB book trader.
    #10     Nov 10, 2006